Diploma (LON:DPLM) Sets New 12-Month High on Analyst Upgrade

Key Points

• Diploma PLC shares hit a new 52-week high after Berenberg Bank increased its price target from GBX 5,750 to GBX 6,350 and reaffirmed a buy rating on the stock.
• Other analysts, including Jefferies and JPMorgan Chase, have issued mixed ratings, with Jefferies setting a new target of GBX 5,200 and maintaining a "hold" rating.
• The company operates in three sectors: Life Sciences, Seals, and Controls, and has a market capitalization of £7.43 billion.

Shares of Diploma PLC (LON:DPLM - Get Free Report) reached a new 52-week high on Thursday after Berenberg Bank raised their price target on the stock from GBX 5,750 to GBX 6,350. Berenberg Bank currently has a buy rating on the stock. Diploma traded as high as GBX 5,565 ($75.32) and last traded at GBX 5,540 ($74.99), with a volume of 239194 shares trading hands. The stock had previously closed at GBX 5,440 ($73.63).

Other analysts have also issued research reports about the company. Jefferies Financial Group upped their price objective on Diploma from GBX 4,500 to GBX 5,200 and gave the company a "hold" rating in a research note on Thursday. JPMorgan Chase & Co. reiterated a "neutral" rating and set a GBX 4,440 target price on shares of Diploma in a research note on Wednesday, August 6th. Finally, Shore Capital restated a "hold" rating and issued a GBX 5,100 price target on shares of Diploma in a research note on Thursday, July 17th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Diploma presently has an average rating of "Hold" and a consensus target price of GBX 5,238.

Diploma Trading Up 1.8%

The company has a debt-to-equity ratio of 62.17, a quick ratio of 0.80 and a current ratio of 2.17. The stock has a market capitalization of £7.43 billion, a price-to-earnings ratio of 4,456.96, a price-to-earnings-growth ratio of 2.82 and a beta of 0.75. The business has a fifty day simple moving average of GBX 5,260.35 and a 200 day simple moving average of GBX 4,609.28.

Diploma Company Profile

Diploma PLC, together with its subsidiaries, supplies specialized technical products and services in the United Kingdom, Continental Europe, North America, and internationally. It operates through three business sectors: Life Sciences, Seals, and Controls. The Life Sciences sector supplies technology-enabled products used in surgical procedures in operating theatres and endoscopy; testing equipment and services for clinical laboratories; and bio-pharma, food safety and testing, and other research-oriented products.

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